Daily Report : Is it a "V", a "U", or something else entirely?; Wall Street analysts turn positive after record downgrades

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-05-05 at 17:32:02 CDT

Opinions abound on what kind of recovery the economy and stock market will see in the year(s) ahead, assuming we will indeed recover. Most of the focus in news articles is on the potential for a v-shaped bottom, or rather the probability it won't occur. There have been 3 times as many articles about v-shaped recoveries as u-shaped ones.; For the first time in almost two months, Wall Street analysts are upgrading the price targets on more S&P 500 stocks than they're downgrading. That's a big shift in sentiment from what they were doing a month ago.

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